How do you gamble to win?

[LulThyme]

Originally posted by Kidicious
It all depends on what your goals are. If you want to win $70,000 dollars and you only have $10 dollars then the lottery is a good game for you. Investing $10 dollars on stocks isn't possible, but even if you invested $1,000 you couldn't win $70,000, atleast not as quickly.

Actually this is also wrong.

A good broker probably has more chance to win 70K dollars by buying and selling 10$ than you have at winning lottery (although still very low odds).

If a good broker has return expectancy over 100%, meaning if he actually makes money on average then his bets are better.


He has more chance by using risky investment then a lottery ticket...

[LulThyme]

Originally posted by Kidicious



What's wrong with this statement? I said keep playing until you win, not just keep playing.

to keep playing until you win , you need an infinite amount of money...
what if you attain your max amount you are willing to lose before winning!!
thats the part you always forget

You want such a system, i gave you one much simpler

OK listen you were saying you were ready to risk 5k $.
Then go do this.
Go to the roulette table, divide your 5k in equal amounts , and put them on almost all numbers but not all so that you still win money if you get one of your numbers...


Your chance of winning will be like 95 or 96% and you will win probably 100$
if you lose you lose your 5000$

the odds are the same as your more complicated system.

[Traianvs]

gambling, and especially roulette is boring dude..
russian roulette on the other hand

i've done it a few times (not for real of course) and I would have been dead 4 times out of the 6 times I tried. I always have bad luck

[The Emperor Fabulous]

Sometimes I like to go to the Casino. The place I go gives free drinks if you play on the poker tables. I spend 60 bucks playing 5 hours of Texas Hold'em. Sometimes I win money, often I don't. But hey: I could also spend 60 bucks on a two hour theatre production or dinner and a movie. To me, that's no big deal, mostly because I don't do it that often.

[Kidlicious]

Originally posted by LulThyme
NO SUCH SYSTEM WITH A FINITE AMOUNT OF MONEY WILL HAVE ODDS AGAINST THE CASINO.

Ah, but that doesn't mean you can't win. The more money you have the more you can win. If everyone used this system and we all shared our resources we would break the casino. Would they have better odds? yes. Would they win? No.

[Kidlicious]

Originally posted by LulThyme


Actually this is also wrong.

A good broker probably has more chance to win 70K dollars by buying and selling 10$ than you have at winning lottery (although still very low odds).

If a good broker has return expectancy over 100%, meaning if he actually makes money on average then his bets are better.


He has more chance by using risky investment then a lottery ticket...

I don't think so.

[Ming]

Originally posted by Kidicious
Ah, but that doesn't mean you can't win. The more money you have the more you can win. If everyone used this system and we all shared our resources we would break the casino.

Many have tried, every system possible... and none have succeeded... That should tell you something

[Lawrence of Arabia]

actually there was this one group of college kids with their professor who went into vegas with a system, beat the casinos, and got thrown out when they found huge suitcases of cash in their hotel rooms.

[Kidlicious]

Ok, check this out. Simplify the game to flipping a coin. Now I'm going to play until I lose $1 or lose $2. There is a 50% chance that I will win the first game. Then the game is over. If I lose the first game and lose the second game the game is over. I lose. There is a 25% chance that I will lose that way. The remainder is a 25% chance.

Ok, so what chance do I have to win if I lose the first game and win the second game? According to everyone here my chances of victory is 2/3. So that means that my chances of winning after losing the first game and winning the second game is about 17%, but it seems much more than that to me. I don't see why my chance to win after 2 games shouldn't be over fifty percent since the situation seems exactly the same as the initial situation.

[Lawrence of Arabia]

actually, since the heads side of a coin will come up 51% of the time, but since the casino only you 2:1, the casino will end up winning.

[Kidlicious]

I'm getting 73% instead of 67%. I'll explain later.

[Lawrence of Arabia]

? the chance of winning after losing is 25%.

[Ming]

Lawrence... his math is "questionable"

Also... please remember that bets in Vegas are always based on a small percentage going to the house. There are no "equal" bets in Vegas. Their strategy is to move as much money through as possible, because they will always get their percentage. They play for the long run.
And they are very good at it

[Alexander's Horse]

The only way to win is to quit while your ahead.

[Whaleboy]

Maths is irrelevant, lets look at the evidence. Casinos: Multi-billion dollar industry. Gamblers: Among the highest divorce rate in the Western world. Get my point?